04 Jan 2010 5:22 PM:

Hello all.

 

I hope you had a wonderful Christmas break.

 

Reading through the forum posts again (now I have some “me” time!!) and having spoken to Margaret over the holiday, there is one thing we are all forgetting.

 

There WAS a rental guarantee in place – the problems stem from the unfinished development.

 

The contract is clear where it states the development has to have the proper services – which we don’t have even now. 

 

I think, with reference to “the looneys” comment that Margaret has failed, I think that is very unfair.  If owners are talking about “camping out in shells of apartments” and with the existing problems, how can we expect people to pay for the same experience?  Personally I think she did a great job under very difficult circumstances and the rental contract signed back in October was reliant on the development being finished to the standard we all bought into in the beginning.  I, for one, think we have lost a very good ally and am pretty sad about it.

Community thread: Hallo

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04 Jan 2010 5:14 PM:

Hello all.

 

I hope you had a wonderful Christmas break.

 

Reading through the forum posts again (now I have some “me” time!!) and having spoken to Margaret over the holiday, there is one thing we are all forgetting.

 

There WAS a rental guarantee in place – the problems stem from the unfinished development.

 

The contract is clear where it states the development has to have the proper services – which we don’t have even now. 

 

I think, with reference to “the looneys” comment that Margaret has failed, I think that is very unfair.  If owners are talking about “camping out in shells of apartments” and with the existing problems, how can we expect people to pay for the same experience?  Personally I think she did a great job under very difficult circumstances and the rental contract signed back in October was reliant on the development being finished to the standard we all bought into in the beginning.  I, for one, think we have lost a very good ally and am pretty sad about it.

Community thread: I am in shock!!

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04 Dec 2009 11:10 AM:

My lawyer hasn´t got it all wrong.  You are voicing your own opinions and I am quite at liberty to voice my own concerns.  I am extremely uncomfortable with the fact that there were or are embargos and will be in the future. This is our future Peninsula are manipulating – not theirs.  My kids don’t want to hear mummy and daddy cant pay the mortgage.

 

The Licence hasn’t been issued yet even although Peninsula said in May or June it was applied for.

Who is to say we wont have the same problems as Medina 23?  Friends have also bought there and are struggling with the lack of finishing – they wouldn’t rent there themselves!!! They even stayed in someone elses apartment because they couldn’t manage all the stairs with no lift.

Community thread: I am in shock!!

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30 Nov 2009 12:35 PM:

Grateful for the replies, but am still not convinced.  If this has happened once, what is to stop it happening again?  It seems that the liens DID affect signing of title deeds on Medina Elvira 23 – what if it affects us on Fairways?  We would lose lots of interest on the monies already paid over – I for one cant afford to lose it and am seriously going to find out if I can claim on any bank guarantee for my deposit back.

Community thread: I am in shock!!

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25 Nov 2009 12:00 AM:

Hi everybody.

I am completely in shock.  My lawyer was doing the due diligence thing on my upcoming purchase on Fairways and he has told me that the development is embargoed. Or rather the developers (Peninsula) are.

Not quite sure what it fully means,but  he explained to me that there are “leins” on the Medina Elvira 23 properties and all the properties on Fairways !!!!!!! This I understand means that we cannot complete until these embargos are lifted.

Are Peninsula broke??? Apparently these debts are in the millions of euros!!!!

Is there a bank guarantee on Fairways or Medina 23?

Looks to me that we d better move fast and claim our deposits back – before they go bust!!!

Community thread: I am in shock!!

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